Developer lands bank tenant for $500M mixed-use project

TAMPA — Winter Haven-based South State Bank has signed a lease for 10,000 square feet of space in Midtown West, a Class A office building part of the $500 million Midtown Tampa mixed-use project spearheaded by developer Bromley Cos. and Highwoods Properties, a Raleigh, N.C.-based real estate investment trust. 

According to a press release, South State Bank’s Midtown Tampa location will serve as the bank’s west Florida regional headquarters. 

“Bringing a financial center of this caliber demonstrates the accessibility and appeal of Midtown Tampa,” Bromley Cos. CEO Nicholas Haines states in the release. “We’re creating a full-service, vibrant office experience with a complete suite of amenities like no other workplace in this market.”

Located at the southeast corner of I-275 and Dale Mabry Highway, the first phase of the 22-acre Midtown Tampa project is expected to open in early 2021. Bromley and Highwoods have already landed a number of other high-profile tenants, including Shake Shack, REI Co-Op, Joffrey’s Coffee & Tea Company and Whole Foods.

“The central location and first-class mixed-use master plan offers tremendous visibility from I-275 and Dale Mabry and gives us the opportunity to serve our customers on a regional basis,” South State Bank Market President Angel Gonzalez states in the release. “Our team will enjoy being part of the buzz and energy, not only from the amenities within the building, but also as part of an urban, walkable development that we believe is one of the best addresses in the country.”

South State Bank reported $635.06 million in gross revenue in 2019, down slightly from $645.18 million in 2018 — a decline of 1.6%.